Fundraising

Earlier this year, Sycamore took over Chico’s FAS in a $1bn deal, which the firm planned to merge into its KnitWell Group platform that includes other brands like Ann Taylor and Talbots.

A total of $559bn was raised by buyout, growth equity, secondaries, venture capital and other funds last year, down 9% from the $611bn secured in 2022. Fund closings dropped more significantly, down 17%.

The fund's limited partners include endowments, foundations, pensions, insurers, fund of funds, family offices, and 3BC professionals.

Fund VII's limited partners include insurance companies, pension funds, endowments, foundations, consultants, funds of funds, and family offices.

Private equity fundraising fell for the second year in a row last year, with the number of funds closed almost matching the number seen in 2017.

Technological developments in the real estate space mirror the progress being made in the democratisation of private equity, writes Kyle Hagerty.

The fund's investors include public and corporate pensions, sovereign wealth funds, insurance companies, endowment funds, and asset managers.

Schorr, who left OEP this month, is expected to remain 'an active technology investor,' sources said, with the aim of launching a new private equity firm 'in the very near future.'

Resolute VI's limited partners include public pension funds, multinational corporations, insurance companies, fund of funds, endowments, foundations and family offices.

This amount surpasses PPMACP's previous fund, which closed in 2018.